Enterprise Bank & Trust Mortgage Rates, Fees & Info
Clayton, MOLEI: K0ZDN2CBIQC0EHBKNK35
Tax ID: 43-1472619
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Mortgage Data
Review & Overview
Enterprise Bank & Trust is a smaller bank specializing in Home Purchase and Refi loans. Enterprise Bank & Trust has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: St. Louis, Santa Fe, Los Alamos, Los Angeles, and Kansas City among others. We have data for 32 markets. (Some data included below & more in-depth data is available with an active subscription.)Enterprise Bank & Trust has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Enterprise Bank & Trust is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.56% | 4/21/24 |
| 30 Year Conventional Refi | 6.33% | 4/21/24 |
| 30 Year Cash-out Refi | 6.67% | 4/21/24 |
| 30 Year FHA Purchase | 7.31% | 4/21/24 |
| 30 Year FHA Refi | 7.69% | 4/21/24 |
| 30 Year VA Purchase | 6.48% | 4/21/24 |
| 15 Year Conventional Purchase | 5.86% | 4/21/24 |
| 15 Year Conventional Refi | 6.15% | 4/21/24 |
| 15 Year Cash-out Refi | 6.15% | 4/21/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Enterprise Bank & Trust Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
339Origination Dollar Volume (All Markets)
$113,875,000Awards
Enterprise Bank & Trust - 2022
Enterprise Bank & Trust is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 136 | $34,850,000 | $256,250 | $3,266 | 5.17% |
| SANTA FE, NM (FHA|USDA|VA) | 48 | $16,140,000 | $336,250 | $4,790 | 4.54% |
| Los Alamos, NM (FHA|USDA|VA) | 39 | $14,855,000 | $380,897 | $4,612 | 4.58% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 6 | $11,270,000 | $1,878,333 | $0 | 5.30% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 33 | $6,495,000 | $196,818 | $3,380 | 4.99% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 12 | $6,360,000 | $530,000 | $4,562 | 4.24% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $4,005,000 | $4,005,000 | $0 | 7.00% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 13 | $3,435,000 | $264,231 | $3,964 | 4.51% |
| Outside of Metro Areas | 13 | $3,095,000 | $238,077 | $4,818 | 4.97% |
| Española, NM (FHA|USDA|VA) | 9 | $2,335,000 | $259,444 | $8,125 | 4.01% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $1,540,000 | $770,000 | $0 | 5.64% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $1,090,000 | $545,000 | $0 | 5.05% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 6.42% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $34,918 | 4.00% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $885,000 | $885,000 | $8,127 | 4.13% |
| Las Vegas, NM (FHA|USDA|VA) | 4 | $640,000 | $160,000 | $3,380 | 4.28% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $3,934 | 3.25% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $3,899 | 4.63% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $5,311 | 3.25% |
| Muskogee, OK (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $2,484 | 6.13% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $5,328 | 3.25% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $2,594 | 5.69% |
| Taos, NM (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $7,804 | 5.25% |
| Vincennes, IN (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,647 | 5.50% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 6.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $8,323 | 6.13% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 3.63% |
| TULSA, OK (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,122 | 5.00% |
| TOPEKA, KS (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,334 | 5.88% |
| Sikeston, MO (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,575 | 5.25% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 6.13% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.13% |
Similar Lenders
We use machine learning to identify the top lenders compared against Enterprise Bank & Trust based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 317 | $107,315,000 | $338,533 | $3,791 | 4.91% |
| FHA | 18 | $4,410,000 | $245,000 | $7,601 | 4.74% |
| VA | 4 | $2,150,000 | $537,500 | $16,365 | 3.97% |
For 2022, Enterprise Bank & Trust's most frequently originated type of loan was Conventional, with 317 originations. Their 2nd most popular type was FHA, with 18 originations.
Loan Reason
For 2022, Enterprise Bank & Trust's most frequently cited loan purpose was Home Purchase, with 204 originations. The 2nd most popular reason was Refi, with 64 originations.
Loan Duration/Length
For 2022, Enterprise Bank & Trust's most frequently cited loan duration was 30 Year, with 195 originations. The 2nd most popular length was 5 Year, with 66 originations.
Origination Fees/Closing Costs
Enterprise Bank & Trust's average total fees were $4,697, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 128 originations.
Interest Rates
During 2022, Enterprise Bank & Trust's average interest rate for loans was 4.73%, while their most frequently originated rate bucket for loans was 4-5%, with 105 originations.
Loan Sizing
2022 saw Enterprise Bank & Trust place emphasis on $200k-400k loans with 124 originations, totaling $35,590,000 in origination value.
Applicant Income
Enterprise Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 67 originations. The second most popular income band? $150k-250k, with 44 originations.
Applicant Debt to Income Ratio
Enterprise Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 57 originations. The next most common DTI ratio? 30-36%, with 51 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.83%
Enterprise Bank & Trust has an average approval rate.
Pick Rate
Approvals leading to origination68.73%
Enterprise Bank & Trust has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 339 | $113,875,000 | $335,914 |